FedEx

Amazon has been building out its distribution network for years, primarily focused on boosting fast shipping for sellers on its own marketplace.

Transport & Logistics

FedEx, UPS shares sink on ‘watershed’ Amazon logistics move

The news is a ‘shot across the bow’ to the entire transport market, according to analyst

FedEx has raised its full-year profit forecast on strong fiscal earnings for the quarter ended Feb 28.

Transport & Logistics

FedEx CEO says global demand holding amid Iran war, annual profit outlook up on record holiday profit

GLOBAL delivery company FedEx said on Thursday (Mar 19) that global demand is holding steady at the start of March despite the war in Iran, while fuel surcharges are sheltering profits from surging fu...

FedEx did not provide the dollar value of the refund it is seeking.

International

FedEx sues US for refund on Trump’s emergency tariffs

Law firm Crowell & Moring also represents Costco, Revlon, eyewear seller EssilorLuxottica and other companies

FedEx's results suggest that CEO Raj Subramaniam’s push to combine the ground and air-freight networks and slash billions of dollars in costs is beginning to pay off.

Companies & Markets

FedEx CEO’s sweeping network overhaul is starting to bear fruit

The shipping heavyweight raises the low end of its profit outlook for the year

FedEx has said it is planning for “modest demand” during the holidays.

Transport & Logistics

UPS, FedEx scramble to shore up networks drained by deadly crash

The grounding has drained capacity and complicated operations for the world’s largest package delivery companies just as shipping volumes surge for the peak period to Christmas

FedEx's Raj Subramaniam says: "We can move our capacity far faster than manufacturing can move. So we know from the bottom up, we see these signals and we can react."

Global Enterprise

Global supply chain shocks to cause lasting impacts: FedEx CEO

The company is shifting its capacity, including redeploying aircraft, in response to the changes

FedEx has added new routes in preparation for increased trade within Asia.

International

More than 40 per cent of Apac businesses plan to shift focus away from US: survey

Around 22 per cent will pivot towards Asia and 21 per cent towards Europe over the next 12 months

The sales forecast suggests FedEx anticipates robust volumes during the holiday season, typically its busiest period.

Transport & Logistics

FedEx sees sales growth in sign of parcel demand rebound

The company expects revenue to grow by as much as 6% this year compared with a 1.2% average gain forecast by analysts

Guided by artificial intelligence agents, the QuikBot robots are capable of navigating lifts and accessing individual floors to complete contactless deliveries without human assistance.

Singapore

FedEx partners Singapore startup QuikBot to deploy robots for deliveries in commercial areas

The tie-up will help improve last-mile delivery by integrating automation into deliveries, streamlining courier operations and saving time

FedEx and many other companies have been grappling with deep uncertainty over US trade policies and regional tensions, most recently Israel’s attack on Iran.

Transport & Logistics

FedEx forecasts profits below analysts’ target, shares dive 5% after hours

The company is more exposed to China trade than rival United Parcel Service

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